Electronics For Imaging (NASDAQ:EFII) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of Electronics For Imaging from a “buy” rating to a “hold” rating in a report on Monday. TheStreet upgraded shares of Electronics For Imaging from a “d+” rating to a “c” rating in a research note on Tuesday, May 29th. Zacks Investment Research cut shares of Electronics For Imaging from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Finally, Morgan Stanley lifted their price target on shares of Electronics For Imaging from $27.00 to $28.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.13.

Shares of EFII stock opened at $33.32 on Wednesday. Electronics For Imaging has a 12-month low of $25.28 and a 12-month high of $43.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.15 and a current ratio of 2.55. The company has a market capitalization of $1.52 billion, a P/E ratio of 123.41, a P/E/G ratio of 25.33 and a beta of 1.08.

Electronics For Imaging (NASDAQ:EFII) last issued its earnings results on Monday, July 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). Electronics For Imaging had a positive return on equity of 0.50% and a negative net margin of 2.29%. The company had revenue of $261.07 million during the quarter, compared to analysts’ expectations of $263.72 million. During the same quarter in the prior year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities analysts predict that Electronics For Imaging will post 0.45 EPS for the current year.

In other news, CEO Guy Gecht sold 9,000 shares of Electronics For Imaging stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $33.14, for a total transaction of $298,260.00. Following the transaction, the chief executive officer now owns 289,006 shares in the company, valued at approximately $9,577,658.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 27,000 shares of company stock worth $902,340 in the last quarter. Corporate insiders own 1.63% of the company’s stock.

Several hedge funds have recently made changes to their positions in EFII. Envestnet Asset Management Inc. raised its position in shares of Electronics For Imaging by 45.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,792 shares during the period. Amalgamated Bank bought a new stake in shares of Electronics For Imaging during the 2nd quarter valued at $213,000. Palouse Capital Management Inc. bought a new stake in shares of Electronics For Imaging during the 1st quarter valued at $237,000. Crossmark Global Holdings Inc. bought a new stake in shares of Electronics For Imaging during the 2nd quarter valued at $237,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Electronics For Imaging during the 2nd quarter valued at $281,000.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

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